Seeking consistency

This is a discussion on Seeking consistency within the Trading Journals forums, part of the Reception category; Originally Posted by Leia Order @ 1.03 85, stops 1.03 60 (risk 15pips) target 1 @ R1 = +15pips = ...

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Old Jan 16, 2013, 8:57am   #631
Joined Dec 2009
Re: AUD CAD long

Leia started this thread
Quote:
Originally Posted by Leia View Post
Order @ 1.03 85, stops 1.03 60 (risk 15pips)
target 1 @ R1 = +15pips = 1.04 00
target 2 = prev Hi @ 1.04 40 (+55pips, almost R4)
target 3 = trailing stop loss or 1.04 60 (major SR level)
T1 achieved @ 1.04 10 (+25pips), stops on other two parts to break even @ 1.30 85
Original stop was -25pips, not -15 as stated
trailing stop on remaining original position moved up to 1.03 55 (locking in +25 pips)
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aud-cad-t1-achieved.gif  
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Old Jan 17, 2013, 9:58am   #632
Joined Dec 2009
Re: AUD CAD long

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Quote:
Originally Posted by Leia View Post
T1 achieved @ 1.04 10 (+25pips), stops on other two parts to break even @ 1.30 85
Original stop was -25pips, not -15 as stated
trailing stop on remaining original position moved up to 1.03 55 (locking in +25 pips)
All positions now stopped out for NIL (+25 original trade)
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Old Jan 17, 2013, 10:04am   #633
Joined Dec 2009
EUR JPY long

Leia started this thread both my 4H and daily indicators are long
price has retraced into the 50 - 61.8% fib level of the last 4 hour up swing and
the daily candle just closed indicates rejection of lower prices at this time
previous daily resistance @ 116.40 on January 2nd could now be acting as support

I have placed an order long @ 117.40 with a 100pip stop loss @ 116.40
and three targets
R1 = +100 pips = 118.40
T2 = previous recent daily high @ 120.00 (+260pips, R2.5)
T3 = trailing stop to 123.00
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eur-jpy-long-off-daily-sr.gif  
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Old Jan 17, 2013, 11:55am   #634
Joined Dec 2009
USD CHF short trigger

Leia started this thread a very large trigger candle has just been printed on the 4H time-frame indicating rejection of higher prices at this point in time
Price being 40pips away from the previous resistance round number level of 0.94 00

I have placed an order to short this market at 0.93 00 with a stop at 0.93 60 (risk -60pips)
R1 - target 1 @ +60 pips + .092 40
T2 = recent SR on daily chart @ .92 00 (+100 pips)
T3 = trailing stop to 2013 low at 90.00
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usd-chf-4h-trigger-short.gif  
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Old Jan 18, 2013, 9:21am   #635
Joined Dec 2009
Re: USD CHF short trigger

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Quote:
Originally Posted by Leia View Post
I have placed an order to short this market at 0.93 00 with a stop at 0.93 60 (risk -60pips)
R1 - target 1 @ +60 pips + .092 40
T2 = recent SR on daily chart @ .92 00 (+100 pips)
T3 = trailing stop to 2013 low at 90.00
Trade opened and stop taken out for full -60pips loss
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Old Jan 18, 2013, 9:25am   #636
Joined Dec 2009
Re: EUR JPY long

Leia started this thread
Quote:
Originally Posted by Leia View Post
I have placed an order long @ 117.40 with a 100pip stop loss @ 116.40
and three targets
R1 = +100 pips = 118.40
T2 = previous recent daily high @ 120.00 (+260pips, R2.5)
T3 = trailing stop to 123.00
Order removed as price moved way past T2 without a re-tracement to trigger open my order
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Old Jan 22, 2013, 8:22am   #637
Joined Dec 2009
Re: USD CHF short trigger

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Quote:
Originally Posted by Leia View Post
Trade opened and stop taken out for full -60pips loss
Daily candle on Friday 18th was of a reversal (shooting star) type, at the mentioned previous Support & Resistance level of 0.94 00
I placed an order to enter short Monday morning (screen shot to be posted later, as on another pc) at the 50% retracement of the daily candle @ 0.93 45
With a take profit target at the round 0.93 00
Level and stop at the days high of 0.93 90

The trade order was triggered overnight and also closed out the first position stops on the remaining two parts have been moved down to just above entry @ 0.93 55
Target 2 is the recent low of 0.92 20 (+125pips) R3 (nearly) and part 3 I will use a trailing stop or 0.91 10, which ever is hit first
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Old Jan 23, 2013, 11:25pm   #638
Joined Dec 2009
Re: USD CHF short trigger

Leia started this thread
Quote:
Originally Posted by Leia View Post
Daily candle on Friday 18th was of a reversal (shooting star) type, at the mentioned previous Support & Resistance level of 0.94 00
I placed an order to enter short Monday morning (screen shot to be posted later, as on another pc) at the 50% retracement of the daily candle @ 0.93 45
With a take profit target at the round 0.93 00
Level and stop at the days high of 0.93 90

The trade order was triggered overnight and also closed out the first position stops on the remaining two parts have been moved down to just above entry @ 0.93 55
Target 2 is the recent low of 0.92 20 (+125pips) R3 (nearly) and part 3 I will use a trailing stop or 0.91 10, which ever is hit first
I have moved the stops down to breakeven @ 0.93 45
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Old Jan 23, 2013, 11:30pm   #639
Joined Dec 2009
USD JPY long

Leia started this thread Today's candle suggests rejection of lower prices and potentially a continuation of the strong up trend (I appreciate fundamentals suggest a continued range or deeper retrace) but I trade the technicals

I have placed an order to go long at about 50% back into today's candle @ 88.40
With a -60 pip stop @ 87.80
T1 = R- = +60pips @ 89.00
T2 @ recents highs @ 93.80
T3 trailing
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Old Jan 23, 2013, 11:33pm   #640
Joined Dec 2009
AUD JPY long

Leia started this thread As with the U J post above
Order entry @ 93.20, stop @ 92.45 risk =-75pips
T1 =R1 =+75pips @ 93.95
T2 recent highs @ 95.00
T3 trailing to 102.00
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